Bank Failure
Citizens First National Bank
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Closed November 2, 2012 · Princeton, IL · FDIC Cert #3731.
- Closing date
- November 2, 2012
- Headquarters
- Princeton, IL
- FDIC Certificate
- 3731
- Total assets at closing
- $924.0M
- Total deposits at closing
- $869.4M
- Estimated loss to the insurance fund
- $32.5M
- Insurance fund
- Deposit Insurance Fund (DIF)
- Resolution
- Failure (closed by regulators)
- Acquirer
- Heartland Bank and Trust Company
Context
On November 2, 2012, regulators closed Citizens First National Bank, headquartered in Princeton, IL. At closing, the institution held approximately $924.0M in assets and $869.4M in deposits. The FDIC record names Heartland Bank and Trust Company as the acquiring institution in the resolution. The estimated cost to the Deposit Insurance Fund (DIF) was approximately $32.5M.
By assets at closing this is the 230th largest of the 3,526 bank failures in the FDIC record, and the 2nd of 51 in 2012. It falls in the period the record labels Global Financial Crisis (2008-2013), a period with 489 failures peaking at 157 in 2010.
Source: FDIC Failed Banks list. Asset and deposit values reflect the most recent regulatory filing prior to closing.
Common questions
When did Citizens First National Bank fail?
Citizens First National Bank was closed by regulators on November 2, 2012.
Who acquired Citizens First National Bank?
The FDIC record names Heartland Bank and Trust Company as the acquiring institution in the resolution of Citizens First National Bank.
How big was Citizens First National Bank when it failed?
Citizens First National Bank had approximately $924.0M in total assets and $869.4M in deposits at the time of failure.
Other failures in 2012
| Date | Bank | Assets |
|---|---|---|
| Dec 14, 2012 | Community Bank of the Ozarks | $42.8M |
| Nov 16, 2012 | Hometown Communitybank | $124.6M |
| Nov 2, 2012 | Heritage Bank of Florida | $225.5M |
| Oct 26, 2012 | Nova Bank | $444.7M |
| Oct 19, 2012 | Excel Bank | $186.1M |
| Oct 19, 2012 | Gulfsouth Private Bank | $139.4M |
| Oct 19, 2012 | First East Side Savings Bank | $65.7M |
| Sep 28, 2012 | First United Bank | $328.4M |
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